Argentina Government To Send LNG Bill To Congress In Coming Months
Date
11/24/2022 7:35:58 PM
(MENAFN- Trend News Agency) Argentina's Economy Minister Sergio Massa said on Thursday that
the government was readying a liquefied natural gas (LNG) bill to
send to congress in the coming months, amid a push to create a
major gas export sector in the country, trend reports citing reuters .
The bill aims to spur the multi-billion-dollar investments
needed to exploit Argentina's massive LNG reserves.
Companies like state-owned YPF have shown interest in building
plants to liquify gas from Argentina's vast Vaca Muerta shale
basin, the world's second largest unconventional gas reserve and
the fourth largest shale oil reserve.
Massa told business leaders that he hoped Congress would discuss
the LNG bill in coming extended or extraordinary sessions, and that
the government would also announce a series of decrees to accompany
the bill.
Amid a prolonged financial crisis and a series of market
regulations imposed by the center-left government, companies have
asked the government to provide certainty that LNG export
commitments will be honored once the expensive LNG plants are
built.
They have also requested tax and exchange benefits.
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